OKX Targets Australia’s $4T Retirement Market With Crypto Platform for SMSFs

Global crypto exchange OKX is expanding into Australia’s retirement sector, unveiling a platform designed for self-managed superannuation funds (SMSFs), private retirement accounts that let individuals or small groups manage their own investments.

The move comes as digital assets remain a tiny slice of the country’s pension system, yet show some of its fastest growth. According to the Australian Tax Office, SMSFs collectively hold about A$3 billion (US$1.9 billion) in crypto, less than 0.3% of total pension assets. Still, allocations have surged more than 700% since 2020, even as overall SMSF savings grew just 5.5% over the past year.

“Adoption is already higher than many realise,” said Kate Cooper, CEO of OKX Australia, noting that SMSF crypto holdings now range between A$1.7 billion and A$1.8 billion. She said the new service was built with trustees and industry professionals, featuring multi-signature security, proof-of-reserves reporting, and tailored end-of-year audit tools.

“This isn’t about chasing a trend,” Cooper added. “Australian SMSF trustees manage more money than most sovereign wealth funds. They deserve enterprise-level infrastructure for digital assets.”